{"id":8041,"date":"2023-07-23T08:03:08","date_gmt":"2023-07-23T12:03:08","guid":{"rendered":"https:\/\/creei.ca\/low-demand-for-reverse-mortgages-in-canada-price-knowledge-or-preferences\/"},"modified":"2023-11-22T15:51:48","modified_gmt":"2023-11-22T20:51:48","slug":"low-demand-reverse-mortgages-canada-price-knowledge-preferences","status":"publish","type":"page","link":"https:\/\/creei.ca\/en\/low-demand-reverse-mortgages-canada-price-knowledge-preferences\/","title":{"rendered":"Low Demand for Reverse Mortgages in Canada: Price, Knowledge or Preferences?"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1144px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><article class=\"node-789 node node-publications node-promoted view-mode-full node-by-viewer clearfix\">\n<div class=\"field field-name-body field-type-text-with-summary field-label-above\">\n<div class=\"field-label\">Short Summary:<\/div>\n<div>In this paper, the authors investigate three possible causes of the low demand for reverse mortgages in Canada. To do so, they build a model to calculate and compare the costs of guarantees built into reverse mortgage products. They also conduct a stated-preference experiment with 3000 Canadians to determine whether Canadians understand reverse mortgages and whether low demand originates on the preference side. The results suggest that consumers are somewhat price sensitive in addition to demonstrating little knowledge of these products and low demand overall.<\/div>\n<\/div>\n<div class=\"field field-name-field-auteurs-publication field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Publication Authors: Isma\u00ebl Choini\u00e8re-Cr\u00e8vecoeur and Pierre-Carl Michaud.<\/div>\n<\/div>\n<div class=\"field field-name-field-num-ro field-type-text field-label-inline clearfix\">\n<div class=\"field-label\">Number: 21-07<\/div>\n<\/div>\n<div class=\"field field-name-field-fichier field-type-file field-label-inline clearfix\">\n<div class=\"field-label\">File: <img decoding=\"async\" class=\"alignnone size-full wp-image-428\" src=\"https:\/\/creei.ca\/wp-content\/uploads\/2019\/07\/application-pdf.png\" alt=\"\" width=\"16\" height=\"16\" \/> <a href=\"https:\/\/creei.ca\/wp-content\/uploads\/2021\/09\/cahier_21_07_low_demand_reverse_mortgages_canada_price_knowledge_preferences.pdf\">cahier_21_07_low_demand_reverse_mortgages_canada_price_knowledge_preferences.pdf<\/a><\/div>\n<\/div>\n<div class=\"field field-name-field-ann-e field-type-taxonomy-term-reference field-label-inline clearfix\">\n<div class=\"field-label\">Year: 2021<\/div>\n<\/div>\n<\/article>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-8041","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/8041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/comments?post=8041"}],"version-history":[{"count":1,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/8041\/revisions"}],"predecessor-version":[{"id":8217,"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/pages\/8041\/revisions\/8217"}],"wp:attachment":[{"href":"https:\/\/creei.ca\/en\/wp-json\/wp\/v2\/media?parent=8041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}